Institutional Financial Markets (NYSEAMERICAN:COHN) Shares Pass Below 200 Day Moving Average – Here’s Why

Institutional Financial Markets, Inc. (NYSEAMERICAN:COHN) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $15.52 and traded as low as $14.84. Institutional Financial Markets shares last traded at $15.51, with a volume of 27,569 shares changing hands.

Institutional Financial Markets Trading Up 1.8%

The company has a debt-to-equity ratio of 0.32, a current ratio of 0.92 and a quick ratio of 0.92. The business’s 50-day simple moving average is $16.65 and its two-hundred day simple moving average is $15.54. The stock has a market capitalization of $37.63 million, a price-to-earnings ratio of 3.04 and a beta of 1.14.

Institutional Financial Markets (NYSEAMERICAN:COHN) last issued its earnings results on Friday, March 6th. The financial services provider reported $2.97 EPS for the quarter. The business had revenue of $96.20 million for the quarter. Institutional Financial Markets had a net margin of 5.24% and a return on equity of 43.35%.

Institutional Financial Markets Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 3rd. Shareholders of record on Friday, March 20th will be given a $0.25 dividend. The ex-dividend date of this dividend is Friday, March 20th. This represents a $1.00 annualized dividend and a yield of 6.5%. Institutional Financial Markets’s dividend payout ratio (DPR) is 24.45%.

Insider Buying and Selling

In other news, EVP Joseph W. Jr. Pooler sold 6,113 shares of the business’s stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $17.15, for a total transaction of $104,837.95. Following the transaction, the executive vice president directly owned 69,778 shares of the company’s stock, valued at approximately $1,196,692.70. The trade was a 8.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Circle 2 Sponsor Corp Columbus acquired 265,000 shares of the business’s stock in a transaction on Thursday, February 12th. The stock was purchased at an average price of $10.00 per share, for a total transaction of $2,650,000.00. Following the acquisition, the insider directly owned 265,000 shares in the company, valued at $2,650,000. This represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 76.15% of the company’s stock.

About Institutional Financial Markets

Cohen & Co, Inc engages in fixed income markets. It operates through the following segments: Capital Markets, Asset Management, and Principal Investing. The Capital Markets segment consists of fixed income sales, trading, matched book repo financing, and new issue placements in corporate and securitized products and advisory services, operating primarily through its subsidiaries. The Asset Management segment manages assets through investment vehicles, such as collateralized debt obligations, managed accounts, and investment funds.